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Portfolio Loans Remain Important This Year

January 18, 2012

Kicking off 2012, one thing seems to be certain… the housing market will remain challenging this year. So, what can real estate professionals do as we enter another year of big inventory but a small number of buyers? 

Make sure your clients who are anxious to buy can access financing that will close the deal. That may mean looking beyond FHA and conventional loans to portfolio loans. 

Portfolio loans are not sold to Fannie Mae or Freddie Mac, but are held by lenders in-house on their books. That allows lenders to be independent and more flexible with their underwriting criteria. 

Portfolio loans are particularly useful for self-employed borrowers, those who have the maximum number of investment properties allowed by Fannie Mae and Freddie Mac, or others who require a jumbo loan that exceeds Fannie and Freddie limits.

In addition to providing a loan approval that might not be possible with a conventional loan, portfolio loans also have another attractive benefit: Servicing remains with the original lender. So even years later, the borrowers will work with the same lender from which they received their loan.

We offer portfolio loan products in a variety of terms and types. Were confident we can help you and your buyer find the right fit.

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